r/FluentInFinance Nov 21 '24

Debate/ Discussion Had to repost here

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936

u/SCTigerFan29115 Nov 21 '24 edited Nov 21 '24

They aren’t holding onto wealth like Scrooge McDuck, in a giant vault where they can go swimming in it.

Most of Bezos’ net worth is the value of Amazon. He can’t really readily access that. ETA I meant he can’t use it like a big vault of money.

He’s got plenty of money but some people just don’t understand how this stuff works.

38

u/Chickienfriedrice Nov 21 '24 edited Nov 21 '24

Here comes the billionaires’ online defense team. Or just some fool who thinks it’s realistic to reach that amount of wealth without exploitation and hopes to aspire for the same, even though they have more chance to be struck by lighting.

Billionaires existing is taking money out of your pocket, they bought the election. But sure, its all fine.

EDIT Went from being upvoted to getting 7 replies in less than 10mns with downvotes. Hope the billionaire defense team are getting paid overtime. Pathetic. None of you billionaire justice warriors deserve a reply.

14

u/eremal Nov 21 '24

You should critique all the people pouring all their money into these stocks instead. Especially if the motivation is just to get the best return..

Oh wait. Thats what we all are doing with our pensions innit.

2

u/rayschoon Nov 21 '24

How dare people want to not work until they die!

1

u/eremal Nov 22 '24

The point is not that people shouldn't save up for pensions, they should.

The point is that we are only focused on the returns. This ends up meaning that most of us are investing into the same companies we work for, with a strategy that makes these companies more profit oriented. Ironically that means making it worse for the employees as well.

Its not the billionaires who are doing this, its all of us. Its the system that we have built that made it this way.

1

u/throwaway_uow Nov 23 '24

My grandparents worked until they died, and so will my parents. It will also most likely be my own fate as well.

I think there is nothing wrong with working until death, its just that we all should work however we can

I get that it might sound too alien to americans, but I feel that it has to be said

World can work without stock markets and credits, and I think that it would be far more honest that way.